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Allcargo Global Logistics – Short Term Investment

CMP — Rs 204,

P/E — 27.4,

The investigation wing of the income tax department searched the offices ofAllcargo Global Logistics in July2010. The company has not come out with any clarification or statement on the matter. The company is being investigated for alleged land transactions in Gujarat for setting up a port in partnership with a leading financial firm. This information is not attributed to any particular source. No further details were available on the nature of search.

This entry was posted on Tuesday, February 9th, 2010 at 9:31 pm and is filed under Short Term Investments. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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